- Sudden inflows above $2.5 in recent rallies disrupted the bullish dream, leading to a swift and rude reversal. Who ordered that?
- The Liquidation Heatmap hints at a possible 10% nosedive, with a dense grab-bag of sellers lurking near the $2 mark. Lovely.
Ripple [XRP], that fickle creature, recently flirted with soaring interest but proved to be a tease. Instead of climbing to the promised land, it fell below $2.3 and was stubbornly testing it as resistance—like a bad ex at the door.
All this, as predicted earlier, which just goes to show how reliable our crystal balls are—sometimes.
On-chain signals flash confused signals—like a cat in a laser pointer nightmare
Looking at on-chain data, one sees the Active Addresses on the XRP Ledger steadily declining in 2025—perhaps giving up on the hope of mooning? The 30-day moving average has been on a slow downward slide since January, but in recent weeks, it’s paused, probably to collect itself before another downturn. Investors with a long-term outlook might want to grab their popcorn—this bear seems here to stay, for now.
On the bright side, Binance‘s reserves have been shrinking since November 2024—perhaps HODLers are quietly hoarding XRP in cold storage. Unlike Bitcoin, which has been on a slow decline for ages, XRP’s reserves spike like bad drama—sudden surges in March and May, leaving analysts scratching their heads.
Even within a long-range trading pattern, attempts to breach $2.5 or $3 are swiftly thwarted by inflows that undo any bullish mojo. The trend is as clear as mud.
The Spot Buying Crescendo
Spot Taker CVD data over the last three months shows that buy orders are now the star of the show, taking center stage since May 21st — only suggestive, not a guarantee of rocket launches.
Should sellers take the spotlight again, XRP might stumble below $2—support that traders should keep in mind. The on-chain gang has identified a pesky liquidity magnet around $2, based on Coinglass’s 3-month Liquidation Heatmap. Fancy that!
This support zone has been a busy liquidation hotspot since mid-April, like a crowded market stall. Currently, the price remains below the $2.3 mid-range, behaving like a petulant toddler.
Interestingly, a liquidity pocket at $2.36 might give prices a slight shove upwards—a gentle bounce, not a parade. Don’t get FOMO—just a reminder to stay cautious.
If prices give up and slide to around $2 or even $1.95, those levels could present a more tempting entry point—especially if the buyer dominance persists in the on-chain world. But don’t say we didn’t warn you.
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2025-06-05 11:38